Hundreds of thousands of people who claim Universal Credit will miss out on Cost of Living Payments according to new research from a think tank.
The Institute for Fiscal Studies (IFS) said many people on benefits will be worse off until 2025 due a failure in payments keeping up with inflation. IFS added the annual uprating of benefits in April will "merely take them back to around the real level they were at a year earlier".
Many people could be better off if they earned less due to the way the Government's cost-of-living payments will work, the organisation said, adding that more money is being spent overall than if benefits had been raised in line with inflation.
